中商官网
研究报告
濮阳惠成（300481）
主要经济指标
| 类别\年份 | 营业收入 （元) |
营业收入同比 （%) |
营业利润 （元) |
营业利润同比 （%) |
利润总额 （元) |
利润总额同比 （%) |
净利润 （元) |
净利润同比 （%) |
| 2025-03-31 | 356000000.0000 | 0.56 | 40346300.0000 | -34.91 | 40341300.0000 | -34.91 | 36212400.0000 | -34.24 |
| 2024-06-30 | 718000000.0000 | 3.01 | 127000000.0000 | -21.12 | 127000000.0000 | -21.12 | 113000000.0000 | -20.42 |
| 2024-12-31 | 1411000000.0000 | 2.32 | 220000000.0000 | -16.98 | 220000000.0000 | -16.98 | 192000000.0000 | -18.30 |
| 2024-09-30 | 1084000000.0000 | 5.76 | 167000000.0000 | -26.43 | 167000000.0000 | -26.11 | 150000000.0000 | -25.00 |
| 2024-03-31 | 354000000.0000 | 1.14 | 61980700.0000 | -22.57 | 61980700.0000 | -22.55 | 55063600.0000 | -21.62 |
| 2023-12-31 | 1379000000.0000 | -13.65 | 265000000.0000 | -45.36 | 265000000.0000 | -45.13 | 235000000.0000 | -44.31 |
| 2023-09-30 | 1025000000.0000 | -14.58 | 227000000.0000 | -39.63 | 226000000.0000 | -39.89 | 200000000.0000 | -37.69 |
| 2023-03-31 | 350000000.0000 | -6.91 | 80043300.0000 | -18.95 | 80025700.0000 | -18.94 | 70247700.0000 | -16.23 |
| 2023-06-30 | 697000000.0000 | -14.90 | 161000000.0000 | -34.02 | 161000000.0000 | -34.02 | 142000000.0000 | -32.06 |
| 2022-12-31 | 1597000000.0000 | 14.64 | 485000000.0000 | 66.67 | 483000000.0000 | 66.55 | 422000000.0000 | 67.46 |
| 2022-06-30 | 819000000.0000 | 34.26 | 244000000.0000 | 92.13 | 244000000.0000 | 93.65 | 209000000.0000 | 90.00 |
| 2022-09-30 | 1200000000.0000 | 23.71 | 376000000.0000 | 85.22 | 376000000.0000 | 85.22 | 321000000.0000 | 82.39 |
| 2022-03-31 | 376000000.0000 | 31.93 | 98752500.0000 | 83.12 | 98722500.0000 | 83.17 | 83862000.0000 | 80.35 |
| 2021-06-30 | 610000000.0000 | 51.74 | 127000000.0000 | 18.69 | 126000000.0000 | 18.87 | 110000000.0000 | 22.31 |
| 2021-12-31 | 1393000000.0000 | 52.57 | 291000000.0000 | 39.23 | 290000000.0000 | 38.76 | 252000000.0000 | 40.78 |
| 2021-09-30 | 970000000.0000 | 47.64 | 203000000.0000 | 23.03 | 203000000.0000 | 23.03 | 176000000.0000 | 26.62 |
| 2020-09-30 | 657000000.0000 | 28.32 | 165000000.0000 | 23.13 | 165000000.0000 | 23.13 | 139000000.0000 | 20.87 |
| 2020-12-31 | 913000000.0000 | 34.26 | 209000000.0000 | 25.15 | 209000000.0000 | 25.15 | 179000000.0000 | 23.45 |
| 2021-03-31 | 285000000.0000 | 72.73 | 53926300.0000 | 34.10 | 53896300.0000 | 34.35 | 46499300.0000 | 37.69 |
| 2020-06-30 | 402000000.0000 | 14.86 | 107000000.0000 | 26.65 | 106000000.0000 | 25.51 | 89935200.0000 | 26.46 |
| 2019-12-31 | 680000000.0000 | 6.92 | 167000000.0000 | 42.74 | 167000000.0000 | 36.89 | 145000000.0000 | 36.79 |
| 2020-03-31 | 165000000.0000 | -9.84 | 40212000.0000 | 18.84 | 40117200.0000 | 18.61 | 33770500.0000 | 16.80 |
| 2019-06-30 | 350000000.0000 | 9.72 | 84485600.0000 | 37.61 | 84456700.0000 | 37.46 | 71114700.0000 | 35.74 |
| 2019-03-31 | 183000000.0000 | 19.61 | 33838400.0000 | 34.29 | 33823000.0000 | 34.21 | 28913500.0000 | 35.54 |
| 2019-09-30 | 512000000.0000 | 8.02 | 134000000.0000 | 34.00 | 134000000.0000 | 34.00 | 115000000.0000 | 34.78 |
| 2018-09-30 | 474000000.0000 | 21.85 | 100000000.0000 | 56.82 | 100000000.0000 | 54.13 | 85326200.0000 | 55.10 |
| 2018-12-31 | 636000000.0000 | 17.56 | 117000000.0000 | 38.75 | 122000000.0000 | 43.09 | 106000000.0000 | 44.01 |
| 2018-06-30 | 319000000.0000 | 26.59 | 61393700.0000 | 51.03 | 61438700.0000 | 47.11 | 52391700.0000 | 48.30 |
| 2017-12-31 | 541000000.0000 | 43.88 | 84326300.0000 | 18.74 | 85263900.0000 | 13.11 | 73606100.0000 | 13.97 |
| 2017-09-30 | 389000000.0000 | 37.94 | 63768900.0000 | 23.70 | 64878900.0000 | 17.71 | 55012200.0000 | 17.66 |
| 2018-03-31 | 153000000.0000 | 68.94 | 25198800.0000 | 72.25 | 25200800.0000 | 58.61 | 21331800.0000 | 56.67 |
| 2017-06-30 | 252000000.0000 | 43.18 | 40649600.0000 | 20.35 | 41762500.0000 | 12.59 | 35329200.0000 | 11.56 |
| 2016-12-31 | 376000000.0000 | 7.43 | 71014700.0000 | 12.35 | 75379800.0000 | 11.53 | 64586100.0000 | 12.34 |
| 2017-03-31 | 90562600.0000 | 17.77 | 14629400.0000 | -0.87 | 15888900.0000 | 4.82 | 13615900.0000 | 5.67 |
| 2016-09-30 | 282000000.0000 | 5.22 | 51550500.0000 | 7.38 | 55119200.0000 | 9.77 | 46754900.0000 | 9.36 |
| 2016-03-31 | 76896800.0000 | -16.92 | 14757200.0000 | 16.81 | 15158700.0000 | 10.94 | 12884900.0000 | 12.43 |
| 2016-06-30 | 176000000.0000 | -4.86 | 33775900.0000 | 9.49 | 37091200.0000 | 12.54 | 31667800.0000 | 11.13 |
| 2015-09-30 | 268000000.0000 | -6.94 | 48007400.0000 | 14.61 | 50213200.0000 | 14.92 | 42755000.0000 | 10.79 |
| 2015-12-31 | 350000000.0000 | -6.91 | 63206700.0000 | 33.48 | 67584400.0000 | 86.41 | 57489600.0000 | 80.66 |
| 2015-06-30 | 185000000.0000 | -8.42 | 30847500.0000 | 6.94 | 32959600.0000 | 7.94 | 28496000.0000 | 8.84 |
| 2015-03-31 | 92557800.0000 | -0.44 | 12633200.0000 | 9.29 | 13663500.0000 | 12.74 | 11460200.0000 | 11.63 |
| 2014-12-31 | 376000000.0000 | -4.08 | 47353600.0000 | -1.40 | 36256000.0000 | -35.34 | 31821200.0000 | -33.22 |
| 2014-09-30 | 288000000.0000 | -- | 41887400.0000 | -- | 43695700.0000 | -- | 38591600.0000 | -- |
| 2014-06-30 | 202000000.0000 | -- | 28846800.0000 | -- | 30534200.0000 | -- | 26181900.0000 | -- |
| 2014-03-31 | 92968500.0000 | -- | 11559000.0000 | -- | 12119300.0000 | -- | 10266000.0000 | -- |
| 2013-12-31 | 392000000.0000 | 4.81 | 48025700.0000 | 4.48 | 56074900.0000 | 4.45 | 47649200.0000 | 3.61 |
| 2011-12-31 | 270000000.0000 | -- | 33333100.0000 | -- | 36511100.0000 | -- | 31292900.0000 | -- |
| 2012-12-31 | 374000000.0000 | 38.52 | 45966300.0000 | 37.90 | 53685200.0000 | 47.04 | 45988100.0000 | 46.96 |
| 2025-06-30 | 721000000.0000 | 0.42 | 81367600.0000 | -35.93 | 80409100.0000 | -36.69 | 70654500.0000 | -37.47 |
盈利能力分析
| 类别\年份 | 销售毛利率 （%) |
营业利润率 （%) |
总资产利润率 （%) |
净资产收益率 | 存货周转率 | 应收账款周转率 （次) |
总资产周转率 （次) |
| 2025-03 | 8.99 | 11.33 | 1.39 | 1.4900 | 1.8100 | 5.73 | 0.12 |
| 2024-06 | 16.30 | 17.69 | 4.50 | 4.5600 | 3.0100 | 5.42 | 0.25 |
| 2024-12 | 14.25 | 15.59 | 7.82 | 7.8400 | 6.7900 | 5.46 | 0.50 |
| 2024-09 | 14.11 | 15.41 | 5.84 | 6.1400 | 4.5800 | 5.30 | 0.38 |
| 2024-03 | 15.54 | 17.51 | 2.14 | 2.2300 | 1.5400 | 5.15 | 0.12 |
| 2023-12 | 16.32 | 19.22 | 9.39 | 9.9300 | 5.1400 | 5.04 | 0.49 |
| 2023-09 | 19.41 | 22.05 | 7.99 | 8.4500 | 3.5900 | 5.25 | 0.36 |
| 2023-03 | 19.71 | 22.86 | 2.70 | 2.9800 | 1.1900 | 5.40 | 0.12 |
| 2023-06 | 20.37 | 23.10 | 5.90 | 6.0000 | 2.4300 | 5.34 | 0.26 |
| 2022-12 | 28.99 | 30.24 | 17.22 | 19.7100 | 5.7300 | 6.46 | 0.57 |
| 2022-06 | 28.45 | 29.79 | 10.05 | 10.0200 | 3.4100 | 6.30 | 0.34 |
| 2022-09 | 29.67 | 31.33 | 14.10 | 15.2300 | 4.4000 | 6.39 | 0.45 |
| 2022-03 | 25.27 | 26.26 | 4.48 | 4.1200 | 1.7600 | 6.45 | 0.17 |
| 2021-06 | 20.33 | 20.66 | 6.52 | 9.4300 | 3.9400 | 7.13 | 0.32 |
| 2021-12 | 19.38 | 20.82 | 13.71 | 16.2700 | 8.2800 | 7.62 | 0.66 |
| 2021-09 | 19.69 | 20.93 | 10.19 | 12.5200 | 6.3100 | 7.15 | 0.49 |
| 2020-09 | 23.74 | 25.11 | 15.77 | 15.3600 | 5.9000 | 6.55 | 0.63 |
| 2020-12 | 21.69 | 22.89 | 19.37 | 19.4900 | 7.5000 | 7.37 | 0.85 |
| 2021-03 | 18.25 | 18.91 | 4.77 | 4.6000 | 1.8200 | 6.93 | 0.25 |
| 2020-06 | 25.62 | 26.37 | 10.64 | 10.0500 | 3.6300 | 6.38 | 0.40 |
| 2019-12 | 23.09 | 24.56 | 17.11 | 17.9800 | 7.0800 | 7.00 | 0.70 |
| 2020-03 | 23.64 | 24.31 | 3.97 | 3.8400 | 1.6700 | 5.47 | 0.16 |
| 2019-06 | 23.43 | 24.13 | 9.98 | 9.0000 | 3.9700 | 7.64 | 0.41 |
| 2019-03 | 18.03 | 18.48 | 3.44 | 3.7300 | 2.0300 | 7.51 | 0.19 |
| 2019-09 | 25.39 | 26.17 | 15.04 | 14.3600 | 5.7100 | 7.78 | 0.57 |
| 2018-09 | 20.04 | 21.10 | 11.59 | 12.1100 | 6.2100 | 7.70 | 0.55 |
| 2018-12 | 17.14 | 19.18 | 13.35 | 14.8600 | 7.4000 | 7.94 | 0.70 |
| 2018-06 | 18.50 | 19.26 | 7.46 | 7.5700 | 3.9600 | 7.79 | 0.39 |
| 2017-12 | 14.60 | 15.76 | 13.47 | 15.3800 | 8.8700 | 8.39 | 0.85 |
| 2017-09 | 16.20 | 16.68 | 11.28 | 11.6200 | 6.6400 | 7.80 | 0.68 |
| 2018-03 | 16.34 | 16.47 | 2.86 | 3.2900 | 1.8700 | 7.41 | 0.17 |
| 2017-06 | 15.87 | 16.57 | 7.66 | 7.5500 | 4.5900 | 7.05 | 0.46 |
| 2016-12 | 18.09 | 20.05 | 14.44 | 14.7200 | 7.9500 | 7.15 | 0.72 |
| 2017-03 | 13.66 | 17.54 | 2.97 | 2.9500 | 1.6500 | 6.70 | 0.17 |
| 2016-09 | 17.73 | 19.55 | 11.68 | 10.7000 | 7.1500 | 6.91 | 0.60 |
| 2016-03 | 18.13 | 19.71 | 3.16 | 2.9400 | 1.6400 | 6.09 | 0.16 |
| 2016-06 | 18.18 | 21.07 | 8.08 | 7.1900 | 3.6100 | 6.20 | 0.38 |
| 2015-09 | 17.91 | 18.74 | 11.23 | 14.2800 | 4.9400 | 8.20 | 0.60 |
| 2015-12 | 17.71 | 19.31 | 14.60 | 17.4200 | 6.3200 | 7.36 | 0.76 |
| 2015-06 | 16.22 | 17.82 | 7.09 | 11.7000 | 3.4400 | 8.39 | 0.40 |
| 2015-03 | 13.65 | 14.76 | 4.38 | -- | 1.8200 | 7.90 | 0.30 |
| 2014-12 | 12.77 | 9.64 | 11.29 | 14.7700 | 7.6500 | 8.94 | 1.17 |
| 2014-09 | 14.24 | 15.17 | -- | -- | -- | -- | -- |
| 2014-06 | 14.36 | 15.12 | -- | 12.2000 | -- | -- | -- |
| 2014-03 | 12.43 | 13.04 | -- | -- | -- | -- | -- |
| 2013-12 | 12.24 | 14.30 | 21.16 | 26.6300 | 11.0000 | 10.76 | 1.48 |
| 2011-12 | 12.59 | 13.52 | 25.35 | 35.0000 | 7.5400 | 12.94 | 1.88 |
| 2012-12 | 12.30 | 14.35 | 27.11 | 33.8600 | 11.0300 | 14.01 | 1.89 |
| 2025-06 | 9.15 | 11.15 | -- | -- | -- | -- | -- |
偿债能力分析
| 类别\年份 | 资产负债率 （%) |
股东权益比率 （%) |
流动比率 | 速动比率 |
| 2025-03 | 15.91 | 84.12 | 4.3800 | 3.4300 |
| 2024-06 | 14.59 | 85.38 | 5.4800 | 3.8000 |
| 2024-12 | 14.29 | 85.74 | 4.6700 | 3.8000 |
| 2024-09 | 15.01 | 84.99 | 4.8300 | 3.6600 |
| 2024-03 | 13.46 | 86.54 | 9.0100 | 6.3000 |
| 2023-12 | 13.32 | 86.68 | 9.3600 | 6.2600 |
| 2023-09 | 14.89 | 85.11 | 7.9800 | 4.6500 |
| 2023-03 | 19.39 | 80.65 | 5.0400 | 2.6200 |
| 2023-06 | 14.06 | 85.94 | 7.8500 | 4.5000 |
| 2022-12 | 17.29 | 82.71 | 6.0000 | 2.7700 |
| 2022-06 | 13.87 | 86.13 | 5.4400 | 3.2700 |
| 2022-09 | 17.14 | 82.90 | 5.6900 | 3.0200 |
| 2022-03 | 5.45 | 94.51 | 15.9100 | 12.9400 |
| 2021-06 | 4.30 | 95.70 | 24.0600 | 21.4300 |
| 2021-12 | 5.67 | 94.33 | 15.5800 | 9.3300 |
| 2021-09 | 3.97 | 96.04 | 25.6000 | 22.6600 |
| 2020-09 | 8.58 | 91.49 | 9.7600 | 8.1000 |
| 2020-12 | 7.17 | 92.77 | 12.3200 | 9.9000 |
| 2021-03 | 7.18 | 92.84 | 11.9900 | 9.2600 |
| 2020-06 | 8.82 | 91.16 | 9.4900 | 7.8800 |
| 2019-12 | 11.07 | 89.04 | 7.2700 | 6.3600 |
| 2020-03 | 10.68 | 89.32 | 7.5400 | 6.5900 |
| 2019-06 | 7.26 | 92.79 | 11.2300 | 7.0100 |
| 2019-03 | 19.00 | 81.00 | 3.8100 | 3.4700 |
| 2019-09 | 6.59 | 93.38 | 13.7600 | 9.4100 |
| 2018-09 | 14.25 | 85.75 | 4.8900 | 3.1600 |
| 2018-12 | 15.86 | 84.14 | 4.4700 | 2.9300 |
| 2018-06 | 14.32 | 85.56 | 4.7700 | 2.8300 |
| 2017-12 | 18.48 | 81.52 | 3.1800 | 2.6300 |
| 2017-09 | 13.69 | 86.26 | 4.1700 | 3.3700 |
| 2018-03 | 16.91 | 83.09 | 4.2200 | 2.5200 |
| 2017-06 | 12.43 | 87.52 | 4.9500 | 4.0600 |
| 2016-12 | 12.28 | 87.74 | 5.2300 | 3.4100 |
| 2017-03 | 11.26 | 88.79 | 5.8700 | 4.0300 |
| 2016-09 | 6.76 | 93.22 | 10.5300 | 6.3400 |
| 2016-03 | 7.05 | 92.90 | 10.6100 | 4.0600 |
| 2016-06 | 7.39 | 92.59 | 9.3500 | 5.3600 |
| 2015-09 | 6.70 | 93.29 | 11.3900 | 9.4000 |
| 2015-12 | 6.69 | 93.30 | 11.0800 | 4.8800 |
| 2015-06 | 13.26 | 86.67 | 6.8300 | 5.7500 |
| 2015-03 | 22.85 | 77.24 | 2.5100 | 1.6600 |
| 2014-12 | 28.62 | 71.34 | 1.9600 | 1.2300 |
| 2014-09 | -- | -- | -- | -- |
| 2014-06 | -- | -- | -- | -- |
| 2014-03 | -- | -- | -- | -- |
| 2013-12 | 23.60 | 76.23 | 1.8600 | 1.2800 |
| 2011-12 | 19.74 | 80.56 | 3.9300 | 2.3700 |
| 2012-12 | 20.63 | 79.29 | 2.9300 | 2.1500 |
| 2025-06 | -- | -- | -- | -- |
成本费用分析
| 类别\年份 | 营业成本 （元) |
销售费用 （元) |
管理费用 （元) |
财务费用 （元) |
| 2025-03 | 324000000.0000 | 2897000.0000 | 11780700.0000 | -5940800.0000 |
| 2024-06 | 601000000.0000 | 3191100.0000 | 19271300.0000 | -14254300.0000 |
| 2024-12 | 1210000000.0000 | 10699900.0000 | 43790600.0000 | -27456200.0000 |
| 2024-09 | 931000000.0000 | 6916000.0000 | 30537800.0000 | -11003400.0000 |
| 2024-03 | 299000000.0000 | 1436900.0000 | 9762400.0000 | -6452400.0000 |
| 2023-12 | 1154000000.0000 | 8156500.0000 | 38222400.0000 | 4461300.0000 |
| 2023-09 | 826000000.0000 | 5912900.0000 | 28170600.0000 | -12527200.0000 |
| 2023-03 | 281000000.0000 | 1526100.0000 | 9484300.0000 | 2753600.0000 |
| 2023-06 | 555000000.0000 | 3216400.0000 | 19035800.0000 | -6952200.0000 |
| 2022-12 | 1134000000.0000 | 8760300.0000 | 41394500.0000 | -25530100.0000 |
| 2022-06 | 586000000.0000 | 3369200.0000 | 18553900.0000 | -11904300.0000 |
| 2022-09 | 844000000.0000 | 5205900.0000 | 28572100.0000 | -29538300.0000 |
| 2022-03 | 281000000.0000 | 1448900.0000 | 8982100.0000 | 686000.0000 |
| 2021-06 | 486000000.0000 | 2026000.0000 | 13375500.0000 | 1926000.0000 |
| 2021-12 | 1123000000.0000 | 6582100.0000 | 35854000.0000 | 2326800.0000 |
| 2021-09 | 779000000.0000 | 3174500.0000 | 21580400.0000 | 24200.0000 |
| 2020-09 | 501000000.0000 | 21000300.0000 | 19468200.0000 | 937000.0000 |
| 2020-12 | 715000000.0000 | 6591800.0000 | 28189000.0000 | 8633700.0000 |
| 2021-03 | 233000000.0000 | 1049500.0000 | 6906400.0000 | -861800.0000 |
| 2020-06 | 299000000.0000 | 13826300.0000 | 12578000.0000 | -3583600.0000 |
| 2019-12 | 523000000.0000 | 28503000.0000 | 22486500.0000 | 1902800.0000 |
| 2020-03 | 126000000.0000 | 6675600.0000 | 5271000.0000 | -4999100.0000 |
| 2019-06 | 268000000.0000 | 14445700.0000 | 9412200.0000 | 1360300.0000 |
| 2019-03 | 150000000.0000 | 7705700.0000 | 4579400.0000 | 5053800.0000 |
| 2019-09 | 382000000.0000 | 21139500.0000 | 14373100.0000 | -10864000.0000 |
| 2018-09 | 379000000.0000 | 19900700.0000 | 15797800.0000 | -11236900.0000 |
| 2018-12 | 527000000.0000 | 27458800.0000 | 21263100.0000 | 3158400.0000 |
| 2018-06 | 260000000.0000 | 13785300.0000 | 10328000.0000 | -2917400.0000 |
| 2017-12 | 462000000.0000 | 20907800.0000 | 16729100.0000 | 8626700.0000 |
| 2017-09 | 326000000.0000 | 13961000.0000 | 9967600.0000 | 4954500.0000 |
| 2018-03 | 128000000.0000 | 6436300.0000 | 5114500.0000 | 7898400.0000 |
| 2017-06 | 212000000.0000 | 8823300.0000 | 26445200.0000 | 5335400.0000 |
| 2016-12 | 308000000.0000 | 15460700.0000 | 44726800.0000 | -4021800.0000 |
| 2017-03 | 78191800.0000 | 2969800.0000 | 8480700.0000 | 2697300.0000 |
| 2016-09 | 232000000.0000 | 11378600.0000 | 31954100.0000 | -2890700.0000 |
| 2016-03 | 62951600.0000 | 3058100.0000 | 10293200.0000 | -144600.0000 |
| 2016-06 | 144000000.0000 | 7278100.0000 | 21586000.0000 | -1604300.0000 |
| 2015-09 | 220000000.0000 | 8646700.0000 | 20452500.0000 | 646800.0000 |
| 2015-12 | 288000000.0000 | 11888600.0000 | 33204800.0000 | 1947200.0000 |
| 2015-06 | 155000000.0000 | 5770100.0000 | 12708500.0000 | 1568400.0000 |
| 2015-03 | 79924500.0000 | 2560300.0000 | 6823400.0000 | 367300.0000 |
| 2014-12 | 328000000.0000 | 9575400.0000 | 28239000.0000 | 2006000.0000 |
| 2014-09 | 247000000.0000 | 7083900.0000 | 20285100.0000 | 1233200.0000 |
| 2014-06 | 173000000.0000 | 4523100.0000 | 12809300.0000 | 925500.0000 |
| 2014-03 | 81409400.0000 | 2217800.0000 | 5784300.0000 | 553000.0000 |
| 2013-12 | 344000000.0000 | 9045500.0000 | 20688700.0000 | 3350700.0000 |
| 2011-12 | 236000000.0000 | 5937700.0000 | 14407000.0000 | 1060300.0000 |
| 2012-12 | 328000000.0000 | 8759700.0000 | 19935500.0000 | 835600.0000 |
| 2025-06 | 655000000.0000 | 6201000.0000 | 21748100.0000 | -10172800.0000 |